Everything You Need to Know About Filing Form 67 for Foreign Tax Credit – Deadline: March 31, 2025

If you have earned income from foreign sources and paid taxes outside India, you may be eligible to claim a Foreign Tax Credit (FTC) under Indian tax laws. To avail of this benefit, it is mandatory to file Form 67 within the prescribed deadline. The due date for filing Form 67 for the Financial Year (FY) 2023-24 is March 31, 2025.

In this blog post, we will explain the importance of Form 67, its filing process, eligibility criteria, and key deadlines.

What is Form 67?

Form 67 is a crucial document that must be filed to claim Foreign Tax Credit (FTC) under Section 90 and Section 91 of the Income Tax Act, 1961. This credit allows taxpayers to offset taxes paid in foreign countries against their tax liability in India.

Who Needs to File Form 67?

Any taxpayer who has:
✅ Earned income from a foreign source
✅ Paid taxes in a foreign country on that income
✅ Wants to claim a Foreign Tax Credit (FTC) in India

This applies to individuals, companies, and other entities that have foreign income and have paid foreign tax on that income.

Key Deadline for Filing Form 67

📌 Last Date to File Form 67 for FY 2023-24: March 31, 2025
📌 This form must be filed before filing the Income Tax Return (ITR) for the corresponding financial year.

If you miss the deadline, you may not be able to claim Foreign Tax Credit (FTC), which could result in higher tax liability.

Documents Required for Filing Form 67

📑 Details of foreign income earned
📑 Proof of foreign tax paid or deducted (e.g., tax receipts, withholding tax certificates)
📑 Income Tax Return (ITR) details for the relevant financial year
📑 PAN and other KYC details of the taxpayer

How to File Form 67 Online?

The process for filing Form 67 is simple and can be done online through the Income Tax e-Filing portal:

1️⃣ Log in to the e-Filing portal (https://www.incometax.gov.in/)
2️⃣ Go to e-File → Income Tax Forms → File Income Tax Forms
3️⃣ Search for Form 67 (Foreign Tax Credit Claim)
4️⃣ Fill in the required income and tax details
5️⃣ Upload supporting documents
6️⃣ Verify and submit the form before filing your ITR

Benefits of Filing Form 67 on Time

✔️ Claim Foreign Tax Credit (FTC) to avoid double taxation
✔️ Reduce your Indian tax liability by offsetting foreign taxes paid
✔️ Stay compliant with Income Tax laws
✔️ Avoid penalties or rejection of FTC claim

Need Help with Filing Form 67?

If you are unsure about your eligibility, documentation, or filing process, Taxla Services is here to assist you! Our tax experts can help you maximize your tax benefits and ensure a smooth filing process.

📞 Contact Us: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

🚀 Don’t wait until the last minute – File your Form 67 before March 31, 2025, and claim your rightful tax credit! 🚀

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